City of Gerald Sales Tax Question (November 2012)
|Gerald City Tax Question|
Election results from Franklin County Election Results.
Text of measure
Language on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|“|| Shall the City of Gerald be allowed to impose a one cent per dollar sales tax for a period of eight tax years, beginning January 1, 2013 and ending or "sunsetting" December 31, 2020, for the purpose of improving, expanding and maintaining the public streets of the City of Gerald and reduce the property tax levy from 1.0002 cents per one hundred dollars assessed valuation to 0.9502 cents per one-hundred dollars assessed valuation?
If passed, the fiscal impact of this measure will be to generate approximately $110,000.00 annually for the years 2013 through 2020, used only to maintain and construct public streets. The property tax bill of every owner of property within the City of Gerald shall be reduced by approximately five percent (5%) annually.
State of Missouri
Jefferson City (capital)
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